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File #: 001476    Version:
Type: Charter Ordinance Status: Passed
File created: 2/6/2001 In control: FINANCE & PERSONNEL COMMITTEE
On agenda: Final action: 2/27/2001
Effective date: 5/15/2001    
Title: A substitute charter ordinance relating to earnable compensation and service retirement allowance.
Sponsors: THE CHAIR
Indexes: CHARTER ORDINANCES, DISABILITY BENEFITS, EMPLOYES RETIREMENT SYSTEM, RETIREMENT BENEFITS, WAGES AND BENEFITS
Attachments: 1. Fiscal Note.doc
Number
001476
Version
SUBSTITUTE 1
Reference

Sponsor
THE CHAIR
Title
A substitute charter ordinance relating to earnable compensation and service retirement allowance.
Sections
36-04-3-a am
Analysis
This charter ordinance changes the method of calculation of the service retirement allowance upon conversion so as to conform the charter to current practice.
Body
The Mayor and Common Council of the City of Milwaukee do ordain as follows:

Part 1: Section 36-04-3-a of the city charter is amended to read as follows:

36-04. Creditable Service.

3. DUTY DISABILITY RETIREMENT ALLOWANCE.
a. Any member employed as a policeman on or after October 5, 1973, who is thereafter retired from active service upon becoming entitled to a duty disability retirement allowance or who was restored to active service prior to October 5, 1973, following termination of a duty disability retirement allowance, any member employed as a fireman on or after July 28, 1974, who is thereafter retired from active service upon becoming entitled to a duty disability retirement allowance or who was restored to active service prior to July 28, 1974, following termination of a duty disability retirement allowance, and any member other than a fireman or policeman employed or receiving a duty disability retirement allowance on or after May 15, 1973, shall be allowed toward his or her service retirement a credit for each year or part thereof during which he or she is eligible to receive a duty disability retirement allowance, or in which duty disability retirement allowance is suspended under s. 36-07-3, in computing his or her service retirement on the basis of the formula applicable. Such credit shall only be reflected for the purposes of computing service retirement allowance but not otherwise. The service retirement allowance shall be computed on the basis of the [[current compensation of such member's position at date of his service retirement]] >> annual regu...

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